CKI shares fall 3 pct after loses bid to buyout Power Assets

November 25, 2015 1:27 AM

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HONG KONG Nov 25 Shares of billionaire Li Ka-Shing's Cheung Kong Infrastructure Holdings Ltd (CKI) were set to open 2.97 percent lower on Wednesday after it lost a bid to buy out cash-rich utility Power Assets Holdings Ltd.

CKI shares were set to open at HK$67, the lowest open since Sep 29. The stock of Power Assets was set to fall 4.96 percent to HK$69.05 per share, the lowest open since Sep 8.

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